ISHARES INC

Ticker: EZU CUSIP: 464286608 Class: MSCI EURZONE ETF

Gramercy Funds Management LLC's Holding History (CIK: 0001548836)

Note: Option positions (PUT/CALL) are excluded.

Q4 2014
Shares 18,400 Value ($000) $668 Avg Close — Range —
Q3 2014
Shares 18,400 Value ($000) $708 Avg Close — Range —
Q2 2014
Shares 18,400 Value ($000) $779 Avg Close — Range —
Q1 2014
Shares 18,400 Value ($000) $778 Avg Close — Range —
Q4 2013
Shares 18,400 Value ($000) $761 Avg Close — Range —